POSCO Chemical plans to invest in $633m battery materials plant with GM
South Korea’s POSCO Chemical Co Ltd said on Friday it plans to invest in a $633 million battery cathode materials plant in Canada with US automaker General Motors Co (GM).
The South Korean materials maker said in a regulatory filing that it plans to invest $278 million through September 2024 on the joint venture plant with GM.
In December, the two companies announced their plans to form a joint venture in North America.
($1 = 1,254.9900 won)
(By Heekyong Yang and Jihoon Lee; Editing by Christopher Cushing)
More News
Lithium Americas reaches final investment decision for Thacker Pass mine
Once open, Thacker Pass is expected to produce 40,000 metric tons of battery-quality lithium carbonate per year.
April 01, 2025 | 03:05 pm
Gold retreats from record as traders brace for Trump’s tariffs
Traders are on edge as Trump plans to announce sweeping levies on all of America’s trading partners on Wednesday, raising the risks of retaliatory measures.
April 01, 2025 | 12:58 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments